yunnis

All good things must come to an end, right? I hope that’s not the case for microfinance even after the industry endured a tumultuous 6 month stretch. A wave of farmer suicides in India were attributed to unbearable debt obligations funded by micro loans from microfinance institutions (MFIs). Among those implicated was SKS, the darling NGO-turned-publicly-traded-and-extremely-profitable MFI. Read More